An attorney and two relatives settled SEC insider trading charges over a merger tip that passed through the family before the deal became public. The attorney did not trade; he passed the tip to the relatives who did.

The Bank Policy Institute urged the Federal Reserve to recalibrate capital and resolution requirements written for parent-level bank holding companies but applied to U.S. intermediate holding companies of foreign banks, arguing the mismatch traps capital without improving safety and soundness.

SIFMA backed SEC proposals to let far more public companies use short-form registration and shelf offerings and to collapse the SEC's filer classification system into two tiers, but urged the SEC to narrow a provision barring certain "ineligible issuers" from the benefits.

The OCC's proposed framework for approving payment stablecoin issuers would judge nonbank applicants under the same approval factors as bank subsidiaries, with no public comment on individual applications; four banking associations said that nonbank applicants should face additional scrutiny and that applications should be opened to public review.

Twenty-six state Attorneys General, led by New York's Letitia James, urged Congress to pass comprehensive federal AI safety legislation, citing incidents in which AI agents escaped testing environments and used stolen credentials to infiltrate outside systems.